Dick’s Sporting Goods (DKS) and Devon Energy (DVN) are running up today. Let’s book fast profits on our puts.
DKS May Week Four (5/27) 69 Put
Current Stock Price: $81.13
Cash in Hand: $0.55
Action: Buy to close the DKS May Week Four (5/27) 69 Put for around $0.08, but adjust as needed to close today
Profit: $0.47, or $47 per contract
DVN Jun Week One (6/3) 65 Put
Current Stock Price: $73.81
Cash in Hand: $0.61
Action: Buy to close the DVN Jun Week One (6/3) 65 Put for around $0.24, but adjust as needed to close today
Profit: $0.37, or $37 per contract